Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.66% | -0.22 | 0.89% |
| Return on Equity (%) | ▼ | 9.91% | -6.50 | 16.41% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.16 | 3.28% |
| Efficiency Ratio (%) | ▲ | 72.11% | -0.16 | 72.27% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.20 | $2 |
| Cost of Funds (%) | ▲ | 1.38% | -0.10 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $715 | +17.93 | $697 |
| Gross Loans ($M) | ▲ | $453 | +31.95 | $421 |
| Loan Growth YoY (%) | ▲ | 67.89% | +3.74 | 64.15% |
| Total Deposits ($M) | ▲ | $660 | +10.50 | $649 |
| Shareholders Equity ($M) | ▲ | $46 | +7.27 | $39 |
| Tang. Book Value ($M) | ▲ | $46 | +7.27 | $39 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +6.11 | $51 |
| Loan / Deposit Ratio (%) | ▲ | 67.89% | +3.74 | 64.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.57% | +0.53 | 0.04% |
| Allowance / Loans (%) | — | 1.07% | 0.05% | 1.02% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.83 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.81% | -0.18 | 13.99% |
Noninterest income ($1.16M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▆▇██ | Net Interest Margin (%) | 2.96% | 2.98% | 3.03% | 3.28% | 3.30% | 3.36% | 3.42% | 3.44% |
| ▁▂▄▆▆██▁ | Return on Assets (%) | 0.66% | 0.71% | 0.79% | 0.89% | 0.88% | 0.97% | 0.99% | 0.66% |
| █▇▆▃▂▁▁▃ | Efficiency Ratio (%) | 77.5% | 76.6% | 75.2% | 72.3% | 71.9% | 70.1% | 70.5% | 72.1% |
| ▅█▆▄▅▄▁▁ | Cost of Funds (%) | 1.51% | 1.63% | 1.56% | 1.48% | 1.52% | 1.48% | 1.40% | 1.38% |
| ▁▁▁▁▂▁▁█ | NPA / Assets (%) | 0.02% | 0.02% | 0.02% | 0.04% | 0.15% | 0.02% | 0.02% | 0.57% |
| ▁▁▁▁▂▁▁█ | Net Charge-Off Ratio (%) | 0.04% | 0.04% | 0.04% | 0.07% | 0.24% | 0.04% | 0.03% | 0.90% |
| ▁▄▂▄▆▇█▇ | Tang. Book Value ($M) | $31 | $38 | $35 | $39 | $43 | $46 | $50 | $46 |
| ▁▁▁▃▃▃▆█ | Gross Loans ($M) | $409 | $405 | $408 | $421 | $422 | $423 | $437 | $453 |
| ▁▅▄▇█▇██ | Total Deposits ($M) | $612 | $638 | $634 | $649 | $656 | $653 | $659 | $660 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 21% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 7% |